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This paper introduces a new monetary theory. A simple model is described in which a central bank sets the interest rate in a way that the excess demand for credits equals the preferred amount of money. It is compatible with the Keynesian liquidity preference theory and the neoclassical loanable...
Persistent link: https://www.econbiz.de/10011156995
This paper addresses the condition of savings and investments enviroment in the world economy and in particular regions …
Persistent link: https://www.econbiz.de/10011259981
In this paper we test for the existence of a long-run savings-investments relationship in 18 OECD economies over the … long-run savings-investments relationship in about half of the OECD economies examined. The elasticities are however often … period 1970-2007. Although individual modelling provides only very weak support to the hypothesis of a link between savings …
Persistent link: https://www.econbiz.de/10008683317
his prospect. Basically this assessment discusses some theoretical underpinnings of savings and investments. These two … regime on investments. …
Persistent link: https://www.econbiz.de/10011111039
Savings rate in Pakistan is one of the lowest in the regional countries. As a result, investment to GDP ratio has been … the role of savings in long term economic growth. There have been studies in past on the macroeconomic determinants of … savings in Pakistan. But, few studies have explored micro foundations of savings behavior in Pakistan. This study uses primary …
Persistent link: https://www.econbiz.de/10011111761
We derive several cases of 'comparative advantage in nothing', which can be relevant for East Germany. The simplest case with little relevance is the HO assumption of identical technologies across regions implanted into the Ricardian model. The second is the case with full employment wages...
Persistent link: https://www.econbiz.de/10011168468
The principle of uncertain future: the probability of a future event contains a degree of (hidden) uncertainty. As a result, this uncertainty (in a sense, similar to vibrations, fluctuations) pushes the probability value back from the bounds to the middle of its range (from ~100% and ~0% to the...
Persistent link: https://www.econbiz.de/10005835639
The corporate world has changed remarkably in the past 10 years. New multinationals are appearing in countries with emerging markets such as Brazil, India, China, South Africa and Mexico, which are not only top recipients of foreign capital, but have fast become major investors themselves. An...
Persistent link: https://www.econbiz.de/10005835863
force workers to choose only one manager and one fund. So, workers are unable to diversify investments across funds …
Persistent link: https://www.econbiz.de/10005836732
. Under state law defining Roman in all investments are taken into account the principle of Corpus en Animo where body is the …
Persistent link: https://www.econbiz.de/10011156964